Bangladesh losing its geo-economic importance to Myanmar

The Rohingya refugee crisis has exposed Bangladesh’s diplomatic weaknesses. No permanent member of the United Nations Security Council has strongly backed Dhaka to solve the refugee problem. China rendered its support to Myanmar at the UN so that the country does not face any immediate threat such as sanction. The United States’ intention to solve […]

CMP garment sector may fetch $3bln this year

Export earnings from the CMP (cutting, making and packaging) garment sector are expected to exceed US$3 billion (4.1 trillion kyat) this year, according to the Myanmar Garment Entrepreneurs Association(MGEA). MGEA chair Myint Soe, said that the European Union “has topped the lists of garment order, followed by Japan, South Korea and other countries”. This year, […]

Condominium rental market bearish despite higher demand

Even though demand is rising, condominium rentals for foreigners have decreased by 10 percent this year, Dr Htoo Myat Naing from Estate Myanmar told The Myanmar Times on October 9. “Previously, rentals were increasing or stable. The decreasing [rentals] this year is happening for the first time. I don’t foresee it climbing back up. This […]

Japanese manufacturers eye expansion opportunities

After investing heavily in Thailand, Indonesia and Vietnam, Japanese businesses are now keen to expand in Myanmar, said Mr Satoshi Yamamoto, chief director of The Japan External Trade Organisation (JETRO) told The Myanmar Times during a business development seminar in Yangon on October 9. “Japanese trade dealers were interested to invest in Thailand, Indonesia and […]

Myanmar eyes China’s trade plan for much-needed infrastructure, as crisis in Rakhine goes on

Minister for Construction U Win Khaing told the Asean and Asia Forum in Singapore on Thursday that his country needed to improve its infrastructure quickly to cope with the mass internal migration to its cities. The government had been in contact with various potential partners, including China and Japan, promoting Myanmar as a hub to […]

Expanding trade with India

INDIA has formed a Myanmar chamber of commerce in Yangon to boost trade and forge closer economic ties with the country. The move follows Indian Prime Minister Narendra Modi’s visit here on September 5-7 and also comes after India imposed import restrictions on Myanmar’s pulses and beans last month. Currently, trade between the two countries […]

Myanmar renews SEZ push

Myanmar’s special economic zones (SEZs) are a central part of a revitalised economic strategy in which increased manufacturing activity will play a key role. And breathing renewed life and energy into stagnant or stalled SEZs has moved to the top of the government’s agenda. “SEZs promote the transfer of technology, encourage infrastructure development and attract […]

Nagaland Declaration’ released at NE Connectivity Summit

DIMAPUR, Sept 24 – Following wide-ranging discussions during the two-day 4th North East Connectivity Summit in Kohima, Deputy Secretary General, FICCI, Arun Chawla released the ‘Nagaland Declaration’ for connectivity-led development of the North East region.As per the declaration, the Summit, which concluded last night, felt the need to create a North East Implementation Agency to […]

Caravans to carry tours and footfalls into Myanmar

To raise its own visitor numbers, Myanmar is working with operators and organisations in neighbouring countries on improving cross-border tourism in the region. One of its efforts is the development of caravan tours that run from India via Myanmar and Thailand to Singapore, revealed Khin San Aye, executive committee member of the Union of Myanmar […]

Education always a major focus for Japan’s bilateral cooperation with Myanmar

Myanmar and Japan enjoy a long-standing strong bilateral relationship across a wide range of political, economic, social and cultural spheres. Reflecting this, Japan’s economic cooperation to Myanmar dates back to as early as 1954. Throughout the history of the bilateral cooperation, education has always been a major area of focus, as Japan sees it as […]